As we had in the previous analysis, the price is still in the downtrend channe And is fluctuating above the midline of the channel.
I see a downward curve in both the chart and the RSI. It seems that the sales pressure is still higher than the purchase and we are in the path of the previous analysis.
What we predicted:
And what we have achieved so far:
Was it almost right?
Let's look at it as a story.
The Bitcoin empire, led by the bulls that had been conquering the peaks for months, suddenly collapsed. The fear of the bulls became so great that they were forced to retreat to the 30k castle. It has been about 2 months now that the bears have surrounded them inside the 30k castle. The bulls have so far protected the wall very well and pushed the bears back so many times.
On the other hand, other countries, whose interests were not in line with the Bitcoin empire, are trying to weaken it with their sanctions Because the value of their national currency was threatened by the rise of the Bitcoin empire.
The bears continue to tighten the siege, and if the reinforcements do not enter the field as soon as possible, it looks like the 30K wall will collapse soon.
However, this will never destroy the Bitcoin empire. In the near future, loyal supporters will rebuild the imperial infrastructure And maybe this time he will move with more power.
I see a downward curve in both the chart and the RSI. It seems that the sales pressure is still higher than the purchase and we are in the path of the previous analysis.
What we predicted:
Let's look at it as a story.
The Bitcoin empire, led by the bulls that had been conquering the peaks for months, suddenly collapsed. The fear of the bulls became so great that they were forced to retreat to the 30k castle. It has been about 2 months now that the bears have surrounded them inside the 30k castle. The bulls have so far protected the wall very well and pushed the bears back so many times.
On the other hand, other countries, whose interests were not in line with the Bitcoin empire, are trying to weaken it with their sanctions Because the value of their national currency was threatened by the rise of the Bitcoin empire.
The bears continue to tighten the siege, and if the reinforcements do not enter the field as soon as possible, it looks like the 30K wall will collapse soon.
However, this will never destroy the Bitcoin empire. In the near future, loyal supporters will rebuild the imperial infrastructure And maybe this time he will move with more power.
